Comptroller of the Currency

Regulators in the U.S., Britain and Switzerland ordered five banks to pay about $3.3 billion in the first wave of penalties since authorities began a global probe into the rigging of key foreign-exchange benchmarks last year.

Former Microsoft Corp. senior manager Brian Jorgenson was sentenced to two years in prison for insider trading that reaped $400,000 in profit using nonpublic information about the software maker’s quarterly earnings and its investment in Barnes & Noble Inc., the U.S. said.

The Federal Reserve is investigating whether traders at the world’s biggest banks rigged benchmark currency rates, raising the risk that firms will be penalized for lax controls as regulators look for wrongdoing.